Freightos exceeds Q3 expectations with 27% growth in transactions

BARCELONA - Digital freight booking platform Freightos Limited (NASDAQ:CRGO), currently trading above InvestingPro’s Fair Value estimate, reported preliminary third quarter results that surpassed management expectations, with transactions increasing 27% year-over-year to 429,000, according to a company press release. The company has demonstrated strong market performance, with a remarkable 170% return over the past year.

The platform, which connects carriers and freight forwarders in the international shipping industry, also reported gross booking value (GBV) of $336 million for the quarter, representing a 54% increase compared to the same period last year. InvestingPro data shows the company maintains impressive gross profit margins of 67% and holds more cash than debt on its balance sheet.

The Q3 results marked the 23rd consecutive quarter of record transactions for Freightos, which operates primarily through its WebCargo platform. The company reported that 77 carriers were active on its platforms during the quarter, including new additions of both flag-carrier belly-cargo operators and niche cargo specialists.

Unique buyer users reached 20,600 in the third quarter, reflecting growth in WebCargo users partially offset by some reduction in SMB North American customs clearance users due to market uncertainty.

"The powerful network effects of our platform are clearly visible in this quarter’s KPIs," said Zvi Schreiber, CEO of Freightos, in the press release.

The company plans to release its complete financial results for the third quarter before markets open on November 17, 2025, followed by a conference call with management at 8:30 a.m. EDT.

Freightos operates as a vendor-neutral freight booking platform connecting airlines, ocean carriers, freight forwarders, and importers/exporters. The company is listed on the Nasdaq exchange under the ticker CRGO.

In other recent news, Freightos Ltd reported a 31% increase in revenue for the second quarter of 2025, reaching $7.4 million. Despite this growth, the company recorded an adjusted EBITDA loss of $2.5 million, which was an improvement from the previous year’s loss of $3.1 million. Additionally, Nippon Express, a leading freight forwarder, has chosen Freightos’ multimodal freight pricing and booking platform to enhance its operations globally. This partnership will extend to hundreds of Nippon Express offices across 57 countries, incorporating ocean freight capabilities through Freightos’ SaaS solution. In another development, Garuda Indonesia Cargo has joined the WebCargo by Freightos platform, providing real-time eBooking capabilities to freight forwarders worldwide. This move allows direct access to key trade routes from Indonesia to major global hubs, including Singapore, Tokyo, and Sydney. These recent developments indicate Freightos’ expanding influence in the global freight and logistics sector.

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